POST Online Media Lite Edition



 

Home Depot completes $1.625 billion acquisition of Interline Brands

Staff writer |
The Home Depot completed its $1.625 billion acquisition of Interline Brands, Inc., a distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.

Article continues below






The agreement to acquire Interline was previously announced on July 22, 2015.

"We're delighted to officially welcome Interline's associates and customers into The Home Depot family," said Craig Menear, chairman, CEO and president of The Home Depot.

Interline brings an experienced outside and national account sales force, fulfillment capabilities across the facilities maintenance market, and an extensive local distribution network of more than 90 locations throughout the U.S., Canada and Puerto Rico.

"We're excited to work with The Home Depot's Pro team to provide MRO customers with a single solution for all of their needs," said Michael Grebe, CEO of Interline Brands.


What to read next

Home Depot simplifies application process to employ 80,000
Home Depot: 53 million email addresses stolen
Home Depot hiring more than 80,000 employees